Utility Partners LLC, Hays Utility South Corporation and Gulf Utility Service, Inc. become H2O Innovation
December 01 2020 - 8:00AM
(TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the
“Corporation”) is pleased to announce that its three business lines
dedicated to operation and maintenance services (“O&M”),
Utility Partners, LLC (“UP”), Hays Utility South Corporation
(“Hays”) and Gulf Utility Service, inc. (“GUS”) are merging to
become H2O Innovation. To watch the launch video of the new entity,
please follow this link: https://youtu.be/v24nDrrpfPI.
To continue growing the O&M business pillar
and keep acquiring similar companies, the management determined it
would be best to bring everything under one roof. The services
offered by the three companies will not change and the teams will
remain intact. It is more about creating a united team with a
collective vision and a common goal in mind.
“We have decided to merge these companies to
enhance the vertical integration of our product and service
offering to our customers. By operating under a single brand, we
believe it should also facilitate the generation of cross-selling
synergies between the Corporation’s different business lines.
Moreover, this single brand identity will contribute to elevate H2O
Innovation profile and awareness within the different geographies
where we are established in North America. In other words, it is an
important financial and commercial milestone that will allow us to
generate additional savings, to streamline our business processes
and to solidify our O&M platform for future acquisitions and
other organic growth opportunities. Finally, we took the
opportunity to facilitate navigation on our website by highlighting
the three business pillars”, stated Frédéric
Dugré, president and CEO of
H2O Innovation.
“Since we have acquired several operation and
maintenance companies in recent years and will continue to do so,
we wanted to consolidate the image and position of these O&M
companies. The slogan, Trusted Utility Partners, reassures our
customers that we will certainly maintain the same quality of
service offered for all these years”, added
Bill Douglass, Vice President of the Operation and
Maintenance Business Pillar of
H2O Innovation.
About Operation and
maintenance activitiesH2O Innovation –
Trusted Utility Partners operates, maintains, and repairs water and
wastewater treatment plants, distribution equipment and other water
utilities for its municipal customers. It currently employs 435
employees for the operation of more than 275 utilities in two (2)
Canadian provinces and twelve (12) US states, mainly on the US Gulf
coast, Southeast, Northeast (New England) and the West Coast. For
more information, visit
www.h2oinnovation.com/operation-maintenance.
About
H2O Innovation H2O
Innovation designs and provides state-of-the-art, custom-built and
integrated water treatment solutions based on membrane filtration
technology for municipal, industrial, energy and natural resources
end-users. The Corporation’s activities rely on three pillars which
are i) water technologies and services; ii) specialty products,
including a complete line of specialty chemicals, consumables and
specialized products for the water treatment industry; and iii)
operation and maintenance services for water and wastewater
treatment systems. For more information, visit
www.h2oinnovation.com.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) nor the NYSE Euronext Growth Paris accepts
responsibility for the adequacy or accuracy of this release.
Source: H2O Innovation Inc.
www.h2oinnovation.comContact: Marc
Blanchet+1 418-688-0170 marc.blanchet@h2oinnovation.com
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